You've already forked nakamoto-archive
wakgill
29 lines
1.0 KiB
Markdown
29 lines
1.0 KiB
Markdown
---
|
|
layout: default
|
|
title: Bitcoin P2P e-cash paper
|
|
grand_parent: Emails
|
|
parent: Cryptography Mailing List
|
|
nav_order: 9
|
|
date: 2008-11-10 02:14:30 UTC
|
|
---
|
|
|
|
# Bitcoin P2P e-cash paper
|
|
|
|
---
|
|
|
|
```
|
|
James A. Donald wrote:
|
|
> Furthermore, it cannot be made to work, as in the
|
|
> proposed system the work of tracking who owns what coins
|
|
> is paid for by seigniorage, which requires inflation.
|
|
|
|
If you're having trouble with the inflation issue, it's easy to tweak it for transaction fees instead. It's as simple as this: let the output value from any transaction be 1 cent less than the input value. Either the client software automatically writes transactions for 1 cent more than the intended payment value, or it could come out of the payee's side. The incentive value when a node finds a proof-of-work for a block could be the total of the fees in the block.
|
|
|
|
Satoshi Nakamoto
|
|
|
|
|
|
---------------------------------------------------------------------
|
|
The Cryptography Mailing List
|
|
Unsubscribe by sending "unsubscribe cryptography" to majordomo at metzdowd.com
|
|
```
|